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LiRa [457]
3 years ago
6

Replacing a good with a similar good because of a change in prices is an example of the:

Social Studies
2 answers:
klemol [59]3 years ago
5 0
Substitution effect is the answer
LiRa [457]3 years ago
4 0

The substitution effect is the economic understanding that as prices rise — or income decreases — consumers will replace more expensive items with less costly alternatives. (investopedia.com definition)

The answer is the substitution effect.

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Banks perform all except which of the following services?
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Jasmine and Cynthia have been friends for over 10 years. Although they have had a few disagreements, they are always open with e
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Que nombre recibio Texas despues de que se firmo el tratado?
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Explanation:

Tratado de Velasco fue firmado en Velasco, Texas, el 14 de mayo de 1836, tras la batalla de San Jacinto (21 de abril de 1836), por el general mexicano Antonio López de Santa Anna, presidente de la República de México, se fue de Texas sin decir nada, el presidente de México que había caído prisionero de los rebeldes ...

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